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Office
of Capital Improvements |
The
PIH Office of Capital Improvements administers the Capital Fund. The Capital Fund
provides funds, annually, to Public Housing Agencies (PHAs) for the development,
financing, and modernization of public housing developments and for management
improvements. The funds may not be used for luxury improvements, direct social
services, cost funded by other HUD programs, and ineligible activities as determined
by HUD on a case-by-case basis. Learn more about us ...
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Highlights
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HUD Publishes
NOFA making $995 million in Recovery Act funding available to PHAs
The
Department is pleased to announce that it has published a Notice of Funding Availability
(NOFA) making $995 million of Capital Fund Recovery Act funding available to PHAs.
The Department is excited about the benefits that will be realized by providing
this funding. In addition to providing a powerful stimulus to the economy through
job creation, this funding has the potential of transforming the public housing
program in a number of ways. First it will direct a significant amount of funding
to address the needs of the elderly and persons with disabilities. Second, it
will provide a substantial amount of funding to transform distressed public housing.
Third, it will provide gap financing. Finally, it will make a large investment
in improving the energy efficiency and environmental performance of public housing.
To view a .pdf version of the NOFA, click on the link above. The Department also
issued an email
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American
Recovery and Reinvestment Act of 2009 - Announcement of formula funding awards
In compliance with the American Recovery and Reinvestment Act of 2009 (ARRA),
the Department hereby announces the award of $2.985 billion in ARRA Capital Fund
amounts calculated in accordance with the 2008 Capital Fund formula. (The Department
withheld $15 million of the $3 billion allocated for formula grant funding under
ARRA to fund a .5% set-aside outlined in ARRA to pay for costs associated with
implementing the Act.) The Office of Capital Improvements Recovery
web page contains links identifying specific grant amounts and providing ACC Amendments.
PHAs are to sign ACC Amendments for the awarded funds and forward them to their
respective Field Offices no later than Monday, March 9, 2009. This announcement
does not include $1 billion in Capital Funds that the Department is to allocate
through a competition. The Department will notify PHAs about the competition through
a separate announcement. |
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Capital Fund Data Certification Schedule
- Deadline extended one week from February 20, 2009 to February 27, 2009
Pursuant to PIH
Notice 2008-46, the deadline for submitting Capital Fund data certifications
in the Public Housing Information Center (PIC)/ Inventory Management System has
been changed to Friday, February 27, 2009.
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PHAS
High Performer list for 2009 Capital Fund Calculation and HOPE VI Replacement
Unit Counts The Department is making preparations for calculating the
Capital Fund formula for 2009. As a part of the calculation the Department is
using PHAS designations for Federal Fiscal Year 2007 to determine which PHAs will
receive the high performer bonus for the 2009 formula calculation. (Note: for
PHAs with fiscal years ends of 12/31/06 the 2006 PHAS score is used; for PHAs
with fiscal year ends of 3/31/07, 6/30/07 and 9/30/07 the 2007 PHAS score is used).
PHAs can validate whether they are on the High Performer list that will be the
basis for the formula calculation by reviewing the linked High
Performer list for 2009 Capital Fund Calculation spreadsheet. (MS-Excel, 199
KB) The spreadsheet lists only PHAs that are designated as high performers (it
lists the Housing Authority Code, the Housing Authority Name and the City/State
of the housing authority). In addition, for PHAs that have HOPE VI Revitalization
grants the number of public housing units that a PHA is planning to replace as
part of its HOPE VI grant affects the number of removed units that are eligible
for Replacement Housing Factor funds. PHAs can validate whether the count is correct
by reviewing the linked HOPE VI replacement unit
counts spreadsheet. (MS-Excel) If a PHA believes there is an error
in either list, it must submit an e-mail explaining the error to PIHOCI@hud.gov
no later than February 20th, 2009. |
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